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The nation's largest superannuation fund plans to appoint more external managers, including looking to hand out its first mandates for Japanese and Indian markets specialists. It has also hired from Frontier and VFMC as it grows the team responsible for identifying the right managers.
The corporate regulator has almost doubled its investigation into the superannuation sector as it examines the investment switches made by 127 super fund executives.
New data from Roy Morgan’s Superannuation Satisfaction Report shows an overall super fund satisfaction rating of 71.5% in December 2021 – an increase of 6.7% points from December 2020.
The regulator could take super fund workers to court for moving their personal savings out of unlisted assets before they were dramatically revalued.
An activist investor group gained 43.3 per cent support for a resolution to force Incitec Pivot to set interim emissions reduction targets in line with the Paris Agreement.